Australian mining tax update

Australia, miners strike tax compromise The “super profits tax” has been discarded in favour of a resources rent tax that has been endorsed by key global miners including London-listed BHP Billiton, Rio Tinto and Xstrata. See...

Debswana to proceed with Jwaneng Tailings Project

Firestone Diamonds plc, the AIM-quoted diamond mining and exploration company, is responsible for financing, construction and operation of the plant. Firestone Diamonds plc is an international diamond mining and exploration company with operations in Botswana and...

European Union is considering 12 more years of state aid for coal

The European Union is considering 12 more years of state aid for coal, a draft European Commission document showed, even as the Group of 20 prepared to discuss phasing out fossil fuel subsidies. The current EU subsidy regime expires this year, and European Competition...

Scottish Resources owners to bank 200m pounds in IPO

The owners of British coal miner Scottish Resources Group are seeking to bank more than 200 million pounds selling stakes held for 16 years in an initial public (IPO) offer next month, sources close to the deal said. See...